Mia Kaminsky Wants to Attend Riverside Community College

Multiple Choice

Mia Kaminsky wants to attend Riverside Community College. She will need to have $25,000 six years from today. Mia is wondering what she will have to put in the bank today so that she will have $25,000 six years from now. Her bank pays 6% compounded semiannually. Using the tables in the handbook, the amount Mia will have to deposit is:

A) $18,950
B) $17,625
C) $17,535
D) $33,622
E) None of these